Streaming Analytics Market to increase by USD 23.6 billion between 2022 to 2027, Increasing adoption of IoT-based devices boosts the market - Technavio
NEW YORK, Jan. 5, 2024 /PRNewswire/ -- The streaming analytics market by deployment (cloud and on premise), type (software and services), and geography (North America, APAC, Europe, Middle East and Africa, and South America) - Forecast and Analysis 2023-2027 report has been added to technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the streaming analytics market between 2023 and 2027 is USD 23.6 billion. The increasing adoption of IoT-based devices drives the market growth. There is a growing use of connected devices across the globe. As a result, this makes the task of managing, monitoring, and maintaining the data in an organization more difficult. Hence, IoT devices make managing, monitoring, and maintaining easier which drives the market growth.
Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
Market Challenge
-- Data privacy and security concerns is a major challenge hindering the
market growth. As digitalization spreads across all industries, privacy
and security issues are becoming more difficult. In addition, concerns
regarding data privacy and security will increase as traditional models
are replaced by digital ones which negatively impacts the market.
Learn about additional key drivers, trends, and challenges available with Technavio. Read a Free Sample PDF Report Now
The streaming analytics market has been segmented by deployment (cloud and on premise), type (software and services), and geography (North America, APAC, Europe, Middle East and Africa, and South America).
-- The market growth by the cloud segment is significant during the
forecast period. The users of the cloud segment deployment benefit from
the streamlining of business intelligence procedures. In addition, to
make decision-making more effective, it facilitates gathering,
integrating, analyzing, and presenting derived insights in real-time.
-- North America accounts for 33% of the market growth during the forecast
period. The region is a key market for streaming analytics as it is an
early adopter of sophisticated technology and a global leader in the
intensive production and consumption of data. In addition, the market
for advanced analytics is fuelled by the enormous volumes of data
produced in this region, which are analyzed to find insightful
relationships and insights. Furthermore, the region is also
technologically advanced, and its industrial sector is fully developed,
which makes it simple to adopt cutting-edge software solutions to boost
productivity and efficiency Hence, such factors are driving the market
growth in North America.
View the Free Sample Report for insights into the contribution of all the segments and regional opportunities in the report.
Key Companies in the Streaming Analytics Market:
Adobe Inc., Alphabet Inc., Altair Engineering Inc., Amazon.com Inc., Cloudera Inc., Conviva Inc., Coralogix Ltd., Hewlett Packard Enterprise Co., Impetus Technologies Inc., Informatica Inc., Intel Corp., International Business Machines Corp., Microsoft Corp., Mphasis Ltd., Oracle Corp., SAP SE, SAS Institute Inc., Software AG, Striim International Inc., Teradata Corp., and TIBCO Software Inc.
Related Reports:
The blockchain technology in BFSI market size is estimated to grow at a CAGR of 67.84% between 2023 and 2028. The market size is forecast to increase by USD 48,213.34 million.
The enterprise information management (EIM) market size is estimated to grow at a CAGR of 17.01% between 2023 and 2028. The market size is forecast to increase by USD 88.02 billion.
Streaming Analytics Market Scope
Report Coverage
Details
Base year 2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR Accelerate at a CAGR of 28.89%
Market growth 2023-2027
USD 23.6 billion
Market structure
Fragmented
YoY growth 2022-2023 (%) 25.79
Regional analysis
North America, APAC, Europe, Middle East and Africa, and South America
Performing market contribution North America at 33%
Key countries
US, Canada, China, Japan, and UK
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled Adobe Inc., Alphabet Inc., Altair Engineering Inc., Amazon.com Inc., Cloudera Inc., Conviva Inc., Coralogix Ltd., Hewlett Packard Enterprise Co., Impetus Technologies Inc.,
Informatica Inc., Intel Corp., International Business Machines Corp., Microsoft Corp., Mphasis Ltd., Oracle Corp., SAP SE, SAS Institute Inc., Software AG, Striim International Inc.,
Teradata Corp., and TIBCO Software Inc.
Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics,
and Market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Deployment
Market Segmentation by Type
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/streaming-analytics-market-to-increase-by-usd-23-6-billion-between-2022-to-2027--increasing-adoption-of-iot-based-devices-boosts-the-market---technavio-302026183.html
SOURCE Technavio
